In December 2007, just as the Great Recession started, 62 percent of North Carolina’s working-age population was employed. As of October 2014, employment had fallen to 56.5 percent as measured by the employment to population ratio.

Despite the important milestone of replacing all the jobs lost during the Great Recession, North Carolina still has not reached pre-recession employment levels.

North Carolina is not alone. No state has reached its 2007 employment levels as measured by the employment to population ratio. Four states still have employment levels more than 10 percent below their pre-recession levels while just two states—Texas and Minnesota—have the smallest difference in employment with ratios less than 2.5 percent below December 2007 levels.

3 Comments

The American people need to begin their transition from being an employee to becoming self-employed/entrepreneur. Job losses due to outsourcing and globalization will continue and the invasion of robots and machines (automation) has begun to further destroy jobs.

Author “The Art of Debt Guerrilla Warfare, how to beat debt collectors when your back is against the wall.”

ML

November 28, 2014 at 11:19 am

Thanks Thomas for the advice. You hear that everyone? Just quit your min-wage jobs and read a book and you can start your own business. It’s that simple guys…